K12 Inc (LRN) Receives a Buy from Barrington


In a report released today, Alexander Paris from Barrington maintained a Buy rating on K12 Inc (NYSE: LRN), with a price target of $22. The company’s shares closed on Friday at $16.38.

Paris commented:

“We are reiterating our OUTPERFORM investment rating and our 12-month price target of $22, which conservatively assumes a less than 5x multiple on forward adjusted EBITDA, suggesting potential upside of 34% from current levels. Company Description K12, Inc. engages in the provision of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools, and consumers. It offers online curriculum, software systems, and educational services designed to facilitate individualized learning for students primarily in kindergarten through 12th grade. It operates through the following line of business: Managed Public School Programs, Institutional, and Private Pay Schools and Other.”

According to TipRanks.com, Paris is a 4-star analyst with an average return of 4.9% and a 44.4% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Franklin Covey Company.

Currently, the analyst consensus on K12 Inc is a Moderate Buy with an average price target of $22.

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K12 Inc’s market cap is currently $648.1M and has a P/E ratio of 24.45. The company has a Price to Book ratio of 1.10.

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K12, Inc. engages in the provision of technology-based educational products and solutions to public school districts, public schools, virtual charter schools, private schools, and consumers. It offers online curriculum, software systems, and educational services designed to facilitate individualized learning for students primarily in kindergarten through 12th grade. The company was founded by Ronald J. Packard in 2000 and is headquartered in Herndon, VA.

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